L&G expands US pension risk transfer business
Legal & General has entered into a second US pension risk transfer deal with a buy-out of around $65m (£44.9m, €57.7m) in pension liabilities.
People Moves | 11 Feb 16
PEOPLE MOVES: BlueBay AM, Ascot Lloyd, Knadel…
BlueBay Asset Management has strengthened its high yield team; while Ascot Lloyd has nabbed the former chief executive of Cofunds for a non-executive role. Knadel and the JFSC announced board appointments and Barclays named a new chief operating officer.
Health & Protection | 11 Feb 16
Axa bets on emerging market insurance growth
Axa Group has launched a global initiative to reach the middle class of tomorrow by accelerating the development of its emerging customer insurance offering across high-growth markets.
Zurich posts sharp drop in 2015 profit, Greco starts in March
Zurich Insurance Group has posted what its own chief executive has called a “disappointing” set of results, recording a 37% drop in operating profit for 2015.
ETF binge buyers face hangover
European equity ETFs saw record inflows in 2015, according to Morningstar data. However, given the recent falls in share prices, it has now turned out these ETF investors only joined the party once the happy hour was over.